According to the monitoring sample data of Business News Agency, the average price of melamine enterprises was 8266.67 yuan/ton as of February 23, which was the same as that of Monday.
| Melamine |
Recently, the melamine market has stabilized and adjusted. Recently, the market price of raw material urea has risen, and the cost support has risen. In addition, some enterprises in the early stage have reduced prices and absorbed orders. The market pressure has been eased. Some low-end prices have been recalled, and the supply side operating rate has increased slightly. The demand side follow-up is still just needed. The market atmosphere is general, and the focus of the melamine market is mainly stable.
For upstream urea, the comprehensive price of domestic urea rose slightly on February 22, up 14 yuan/ton or 0.51% from February 21, and up 4.54% from the same period last year.
Melamine analysts from the Business Agency believe that the price of raw material urea is on the high side, the pressure on the cost side is increasing, the terminal demand is recovering, and the market transactions are just needed. It is expected that in the short term, the melamine market will probably wait and see, and more attention should be paid to the changes in the cost side.
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